China`s free trade agreements, and especially the one with ASEAN, should be part of the new Asian knowledge needed to make informed and economically wise investment decisions for international leaders when it comes to solving China`s problem. The China-Switzerland Free Trade Agreement is the first bilateral free trade agreement between China and a country on the European continent and one of the 20 largest economies in the world. Bilateral trade between China and Costa Rica reached $5.3 billion in 2014, an increase of 145 percent per year per year in 2006. Chinese President Xi Jinping (right) shakes hands with Pakistani President Mamnoon Hussain in Islamabad, Pakistan, April 21, 2015. Free trade agreements with Australia are still under negotiation, which have been dragging on for several years due to concerns in the Australian agricultural industry, but can be concluded in the course of 2014. Norway also negotiates and is a member of EFTA with Iceland and Switzerland. The free trade agreement between Norway and China has been under negotiation since 2008, but like Australia, it is hoped that it can be ratified later this year. .